How the purchasing power of the shilling fell 45pc under Uhuru

shilling-note

Kenya currency notes. PHOTO | NMG

The purchasing power of Sh1,000 has fallen by nearly half in the past 10 years of President Uhuru Kenyatta’s administration, hitting household budgets hard due to slower growth in wages.

A Sh1,000 note in July 2013 is today worth Sh548.60 in real terms, eroding the buying power of the shilling.

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Note: The results are not exact but very close to the actual.